BUSD is a U.S.-regulated stablecoin, fully backed by U.S. dollars : 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem.
Read moreWhich crypto is backed by dollar?
Tether (USDTUSD) and TrueUSD (TUSDUSD) are popular crypto coins that have a value equivalent to that of a single U.S. dollar and are backed by dollar deposits.
Read moreIs USD Binance backed by dollar?
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.
Read moreHow do you buy a Busd on Binance?
How to get BUSD
Read moreCan I convert Busd to USD in Binance?
BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD .
Read moreDoes Busd price change?
The price of Binance USD has risen by 0.23% in the past 7 days . The price declined by 0.14% in the last 24 hours. In just the past hour, the price grew by 0.07%. The current price is $1.001724 per BUSD.
Read moreWhat does Busd mean on Binance?
What is BUSD Used for? The BUSD stablecoin was founded by Paxos and Binance in an effort to create a cryptocurrency that would be backed by the US dollar . A key characteristic of BUSD is that one unit of BUSD is equivalent to one US dollar.
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